Aviva PLC lowered its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK – Free Report) by 68.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,911 shares of the industrial products company’s stock after selling 32,247 shares during the quarter. Aviva PLC’s holdings in Stanley Black & Decker were worth $1,202,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in SWK. Panagora Asset Management Inc. increased its stake in Stanley Black & Decker by 3.5% in the 1st quarter. Panagora Asset Management Inc. now owns 2,838 shares of the industrial products company’s stock valued at $397,000 after buying an additional 96 shares during the period. Kinneret Advisory LLC increased its stake in Stanley Black & Decker by 2.3% in the 1st quarter. Kinneret Advisory LLC now owns 4,361 shares of the industrial products company’s stock valued at $610,000 after buying an additional 98 shares during the period. Geneos Wealth Management Inc. increased its stake in Stanley Black & Decker by 15.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 765 shares of the industrial products company’s stock valued at $106,000 after buying an additional 102 shares during the period. Cetera Investment Advisers increased its stake in Stanley Black & Decker by 4.5% in the 1st quarter. Cetera Investment Advisers now owns 2,614 shares of the industrial products company’s stock valued at $365,000 after buying an additional 112 shares during the period. Finally, Cetera Advisor Networks LLC increased its stake in Stanley Black & Decker by 4.0% in the 1st quarter. Cetera Advisor Networks LLC now owns 3,595 shares of the industrial products company’s stock valued at $503,000 after buying an additional 138 shares during the period. Institutional investors and hedge funds own 90.47% of the company’s stock.
Stanley Black & Decker Trading Down 1.5 %
Shares of SWK stock opened at $92.29 on Friday. Stanley Black & Decker, Inc. has a 52-week low of $70.24 and a 52-week high of $104.21. The stock has a market cap of $14.14 billion, a price-to-earnings ratio of 18.17, a P/E/G ratio of 6.10 and a beta of 1.37. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.42 and a current ratio of 1.28. The firm has a fifty day moving average of $94.77 and a 200-day moving average of $86.57.
Stanley Black & Decker (NYSE:SWK – Get Free Report) last announced its earnings results on Tuesday, August 1st. The industrial products company reported ($0.11) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.25. The business had revenue of $4.20 billion during the quarter, compared to analysts’ expectations of $4.14 billion. Stanley Black & Decker had a net margin of 4.84% and a return on equity of 0.26%. The firm’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter last year, the company posted $1.77 EPS. On average, equities research analysts forecast that Stanley Black & Decker, Inc. will post 1 earnings per share for the current fiscal year.
Stanley Black & Decker Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Tuesday, September 5th will be paid a dividend of $0.81 per share. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend is Friday, September 1st. This represents a $3.24 annualized dividend and a yield of 3.51%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 63.78%.
Wall Street Analyst Weigh In
Several research analysts have recently commented on the stock. Robert W. Baird increased their price target on shares of Stanley Black & Decker from $85.00 to $92.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 2nd. Zelman & Associates upgraded shares of Stanley Black & Decker from a “hold” rating to a “buy” rating in a research note on Friday, August 18th. Wells Fargo & Company upped their price objective on shares of Stanley Black & Decker from $90.00 to $95.00 in a report on Monday, July 10th. Citigroup upped their price objective on shares of Stanley Black & Decker from $98.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, August 2nd. Finally, StockNews.com downgraded shares of Stanley Black & Decker from a “hold” rating to a “sell” rating in a report on Friday, August 25th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $97.36.
Check Out Our Latest Stock Analysis on SWK
Insider Buying and Selling
In related news, SVP Janet Link sold 3,081 shares of Stanley Black & Decker stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $98.76, for a total transaction of $304,279.56. Following the transaction, the senior vice president now owns 32,690 shares of the company’s stock, valued at approximately $3,228,464.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.50% of the stock is owned by insiders.
Stanley Black & Decker Company Profile
(Free Report)
Stanley Black & Decker, Inc engages in the tools and storage and industrial businesses in the United States, Canada, rest of Americas, France, rest of Europe, and Asia. Its Tools & Storage segment offers professional products, including professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products, such as corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as corded and cordless lawn and garden products and related accessories; home products; and hand tools, power tool accessories, and storage products.
See Also
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